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20130113
20130121
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escalates the fight on the w economy. is the debt ceiling negotiable? your thoughts? send us a tweet or post your comment on facebook. you can also send us an e-mail. president obama held his last official news conference of the first term yesterday in the east room of the white house. here's what he had to say on the debt ceiling debate. [video clip] >> republicans and congress have two choices. they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. but they will not collect ransomed in exchange for not crashing the american economy. the financial well-being of the american people well-being is not a leverage to be used. the full faith and credit of the united states is not a bargaining chip. they had better choose quickly, because time is running short. the last time republicans in congress even flirted with this idea, r. triple-a credit rating was downgraded for the first time in our mystery, our businesses created the few jobs in any month in nearly the past three years, and the whole fiasco added to the deficit. ho
the private and the public economy, balance between the cost and hoped for advantages, balance between the clearly necessary and the comfortably desireable, balance between our essential requirements as a nation and the duties imposed by the nation upon the individual, balance between actions of the moment and the national welfare of the future. good judgment seeks balance in progress, lack of it eventually finds imbalance and frustration. >> words of president eisenhower 52 years ago. are those words relevant today as he talked about what government can and cannot do in solving problems. that speech is still available online. and pointing out those remarks giving the country a dire warning about what he described as a threat to democratic government. he also used the phrase military industrial complex. since then that has become a rallying cry of opponents for expansion. in an effort to control the expansion of the military industrial complex the president sought to cut the pentagon's budget. he wanted a budget he said the country could afford. share your thoughts about the role you t
the greatest global economy in the entire history of this universe. host: all stop you on that point. thank you for the call from chicago. this from our twitter page -- a headline this morning, wall street done with washington's drama. the markets new attitude toward brinkmanship, wake me when it is over. they shudder to think what congress can do to the economy. a breach of the debt ceiling would we far more damaging than a trip over the fiscal cliff. after two years of divided government, they seem to treat this crisis as a new normal. investors are no longer hanging on washington's every word in the weeks leading up to a deal. next, john from tennessee. caller: good morning. i am calling about the debt ceiling. yes, it does need to be raised. because we have to pay our bills. if the government is allowed to borrow money and set their circumstances, then why is the private business sector not allowed to do that? the federal reserve has been shut down as far as to the bankers, as far as the this man being able to borrow money. the industry in the united states needs money to operate on and and
of this country, because the consequences of a default would ripple throughout the economy of. this of i just saw an article yesterday that said the people are now drawing on their retirement funds, the middle class of this country. so we now want to have a debt ceiling threat that would cause further erosion in the stock market, that would essentially make things begin to go haywire? i guess the republicans are going to be sinking this weekend how to proceed. i think they need to proceed with sensibility and common sense instead of an effort to be so extreme that you threaten the economy of the country. host: house republicans leaving for a retreat tomorrow to discuss - guest: they should retreat from the idea of using the debt ceiling. host: the referenced the wall street journal this morning. -- you referenced. many republicans see a debt limit showdown as risky. pat toomey said tuesday he would introduce legislation next reconstructing the white house caprettto prioritize the government's bills. guest: we have had some deficit reduction. as the president laid out a couple days ago, we have ha
the value of my house. the economy went south on us. now the banks are sending us these low interest rates. i go back to refinance the house or remorse reached the house at 6.75%. bank tells me i do not make enough income or income to debt ratio for the house. i do make enough to pay the 6.75%. if the given the lower rate, i would be saving $1,000 a month. what can be done about that? guest: there are many, many borrowers who are having trouble refinancing their home loans. i hear from a lot of them. it is a real problem. we had a pendulum that had swung out into the wild west or anybody that was breathing got a mortgage. now it has swung the other way. the banks are being ultra cautious and requiring owners disclosures and very conservative income levels. i think there is an element of your story that questions -- does the bank wanted about the 6.75% interest that you're paying on your mortgage. that is a rich interest level in this environment. you have to wonder if the bank isn't holding on to your loan to maintain that high level of interest. i wonder if the might be worth your while t
our economy hostage to drathsically cut programs and democrats and republicans must pass a clean bill. caller: i heard this. and i heard jay cornyn say that. i know what he said. but they also said that they want a clean debt ceiling. not every three months you're going to have the same thing over again. they want it for a whole year. not this three-month extension. host: jeff this morning off twitter said this is a reasonable offer if the democrats do not accept it he adds nice play, g.o.p. host: republican line? caller: yes, there are two features on this proposed legislative action. they have different levels of support for me. i do support the concept of withholding pay for not having a budget. i mean, not only should the federal government have a law regarding that but i think each individual state should enact a legislative negligence act that if you don't fulfill that responsibility of having a budget, you do not get paid and you get barred from running for future elective office. with regard to the debt ceiling, here we go again. the republican party, if it goes along with thi
in washington. for washington, this is a great injection into the economy. host: this is from one of our viewers -- guest: thought the inauguration funding has not changed very much. the best comparison for this year is 2005, the george w. bush second inauguration, $45 million was raised for his committee. security costs there were comparable. there rose fivefold after 9/11. by 2005 they were in the $100 million range. this inauguration, despite hardships, the numbers are staying fairly concept -- fairly constant. host: our first president was sworn in on april 30 in new york city. it has moved back and forth from the east front to other locations on capitol hill. from harry truman through jimmy carter, it was always on the east front of the capital. moved by the congressional committee to the west front in 1985, which is where it remains today. kansas, independent line, good morning. caller: i think it is amazing that we all want to complain about every penny that is spent in washington, d.c., because of the inauguration. this is something special that happens every four years. surely, surely,
it is more do to the economy. people losing their jobs. they are turning to drugs to make money. crime and violence follows the drugs. guns do youkind of drug own? caller: some rifles, shotguns, and pistols. host: what do you use them for? caller: mostly hunting and target shooting. host: had you ever used one in self protection? caller: know i have not. they are all in a closet in a safe as we speak right now. host: thank you for calling in in this morning. jodi sends in this tweet -- from "politico" this morning -- you have probably heard about the nra had it they have put out. "washington journal >> are the president's kids more important than yours -- [video clip] >> are the president's kids more important than yours? mr. obama demands the wealthy pay their fair share of taxes. he is just another e list hypocrite when it comes to a fair share of security. protection for their kids, and the gun free zones for hours. host: josh in michigan city, indiana. good morning. caller: i have been listening to some of the calls coming in and have been watching what you were placing on tv. i ca
Search Results 0 to 7 of about 8